Bear Stearns
Am I Too Hard on Hedge Funds?
[Guest post by Noam Scheiber:] Felix Salmon is chiding me for an "unconvincing" critique of Sebastian Mallaby's recent book on hedge funds, More Money Than God. He says shifting risk from banks to hedge funds would in fact make the system safe for failure: READ MORE >>
A Pretty Good Deal on Financial Reform
[Guest post by Noam Scheiber:] READ MORE >>
The Breakup
Dispatches From the Blago Trial (Part 3)
Click here to read Margo Howard’s first dispatch from the Blagojevich trial. Click here to read her second. READ MORE >>
Worth Reading
Ex-Bear Stearns fund managers acquitted of subprime-related fraud charges. Why big news on diminishing oil supplies didn't move markets. READ MORE >>
Can We Fix Too Big to Fail Without Shrinkage?
The Consensus on Big Banks is Beginning to Crack
More Stress Tests, Please
Although higher capital requirements do seem like a no-brainer, Andrew Kuritzkes and Hal Scott offer some words of caution in the FT: READ MORE >>
The Real Banker Boondoggle
Few issues since the collapse of venerable Lehman Brothers one year ago have caused as much consternation as performance bonuses for bailed-out bankers. Yet, even among sophisticated observers, there is confusion about what really happened. So, with the benefit of a year's perspective, how should we think about banker compensation in the context of bank bailouts? READ MORE >>
